by our College Data Analytics TeamThe total cost of attendance at Babson College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at Babson College and what you may be eligible for? Explore the answers here.
Babson College average financial aid offer for freshmen students is $40,819.00. 52% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Babson College.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
44% of first-year students (265 total) were offered scholarships at Babson College, averaging $39,188.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 14% of first years (83 total) were awarded federal grant aid, averaging $6,151.00 each.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.33% | $50,925.00 |
| Income 30k-48k | 3.83% | $51,876.00 |
| Income 48k-75k | 5.00% | $45,826.00 |
| Income 75k-110k | 5.50% | $43,186.00 |
| Income 110k + | 15.17% | $21,069.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
269 Babson College undergrads obtain grant aid (this is about 52% of the entire undergraduate student population). The average amount these students receive is $40,819.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.